Construction Equipment Market Worth 134.86 Billion USD and Mining Equipment Market worth 136.03 Billion USD by 2021

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Browse 97 market data Tables and 68 Figures spread through 192 Pages and in-depth TOC on "Construction Equipment Market"

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The market is primarily driven by the increased infrastructure activities around the globe and revised government norms regarding construction and mining activities.

Asia-Pacific: The largest and fastest-growing market for construction and mining equipment 

The Asia-Pacific region includes key countries such as China, Japan, and India. The Construction and Mining Equipment Market in the region is expected to grow at a promising CAGR, owing to the increasing number of infrastructural projects and revised government regulations on mining. Robust economic growth, coupled with the growing population and rapid urbanization, will likely boost construction activities across the Asia-Pacific region.

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"Growing infrastructure industry to drive the Construction Equipment Market" 

The growth of the infrastructure industry is expected to drive the Construction Equipment Market. This growth can be attributed to upcoming construction projects around the globe, primarily in developing nations. Additionally, major upcoming events, such as the 2016 Olympics in Brazil and the 2018 World Cup in Russia, will likely drive the demand for construction equipment.

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"Surface mining equipment to be the largest segment of the Mining Equipment Market" 

The surface mining equipment segment is projected to dominate the Mining Equipment Market during the forecast period. The high demand for surface mining equipment can be attributed to the benefits offered by this equipment, such as its user-friendly nature and ability to perform multiple operations in mining activities.

The Construction and Mining Equipment Market is dominated by a few global players, and comprises several regional players. Some of the key manufacturers operating in the market are Caterpillar Inc. (U.S.), Hitachi Ltd. (Japan), and Joy Global Inc. (U.S.). Joy Global Inc. has acquired a number of assets, including the dump truck and rock drilling product lines, of Mining Technologies International Inc. (Canada) for approximately USD 51.0 Million.

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